Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Taiwan Semiconductor Manufacturing Co (HAM:TSFA) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Taiwan Semiconductor Manufacturing Co's EV-to-EBIT for today is
Taiwan Semiconductor Manufacturing Co's current Enterprise Value is €1,834,750 Mil.
Taiwan Semiconductor Manufacturing Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €64,320 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Taiwan Semiconductor Manufacturing Co's EV-to-EBITDA for today is:
Taiwan Semiconductor Manufacturing Co's current Enterprise Value is €1,834,750 Mil.
Taiwan Semiconductor Manufacturing Co's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €83,297 Mil.
Taiwan Semiconductor Manufacturing Co's current Enterprise Value is €1,834,750 Mil.
Taiwan Semiconductor Manufacturing Co's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €114,377 Mil.
Taiwan Semiconductor Manufacturing Co's current Enterprise Value is €1,834,750 Mil.
Taiwan Semiconductor Manufacturing Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €65,256 Mil.
Taiwan Semiconductor Manufacturing Co's current Enterprise Value is €1,834,750 Mil.
Taiwan Semiconductor Manufacturing Co's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €29,004 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Taiwan Semiconductor Manufacturing Co Enterprise Value Related Terms
Taiwan Semiconductor Manufacturing Co Enterprise Value Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Taiwan Semiconductor Manufacturing Co Enterprise Value Chart
HAM:TSFA vs NVDA, AVGO, MU: Enterprise Value Comparison
For the Semiconductors subindustry, Taiwan Semiconductor Manufacturing Co's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Taiwan Semiconductor Manufacturing Co Enterprise Value vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Taiwan Semiconductor Manufacturing Co's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Taiwan Semiconductor Manufacturing Co's Enterprise Value falls into.
Taiwan Semiconductor Manufacturing Co Enterprise Value Calculation
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Enterprise Value of €1,834,750 Mil mean?
Taiwan Semiconductor Manufacturing Co (HAM:TSFA) has a Enterprise Value of €1,834,750 Mil as of Jun. 29, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Taiwan Semiconductor Manufacturing Co and its competitors.
Is Taiwan Semiconductor Manufacturing Co's Enterprise Value too high?
Taiwan Semiconductor Manufacturing Co's current Enterprise Value is €1,834,750 Mil. Overall, Taiwan Semiconductor Manufacturing Co has a GF Score™ of 88/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Semiconductor Manufacturing Co's Enterprise Value compare to NVDA and AVGO?
Taiwan Semiconductor Manufacturing Co's Enterprise Value of €1,834,750 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Semiconductors company?
A good Enterprise Value depends on the Semiconductors industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Taiwan Semiconductor Manufacturing Co and its competitors. Taiwan Semiconductor Manufacturing Co's current Enterprise Value is €1,834,750 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Semiconductor Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Semiconductor Manufacturing Co (HAM:TSFA) is currently considered Significantly Overvalued. The stock's GF Value™ is €256.38, compared to a current price of €366.00 — trading 42.8% above its estimated fair value. The current Enterprise Value is €1,834,750 Mil. Taiwan Semiconductor Manufacturing Co's overall GF Score™ is 88/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Taiwan Semiconductor Manufacturing Co (HAM:TSFA), the current Enterprise Value is €1,834,750 Mil as of Jun. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Taiwan Semiconductor Manufacturing Co (HAM:TSFA) Overvalued in 2026?
Based on GuruFocus' analysis, Taiwan Semiconductor Manufacturing Co stock appears to be overvalued.
The current stock price of €366.00 is trading 42.8% above its estimated GF Value™ of €256.38.
GuruFocus considers Taiwan Semiconductor Manufacturing Co to be Significantly Overvalued.
Key valuation signals for HAM:TSFA:
Enterprise Value: €1,834,750 Mil
GF Value™: €256.38 vs. price of €366.00 (42.8% above fair value)
No single metric tells the full story. See the HAM:TSFA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiwan Semiconductor Manufacturing Co Business Description
Taiwan Semiconductor Manufacturing Co. is the world's largest dedicated chip foundry, with about 70% market share in 2025. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public in Taiwan in 1994 and as an ADR in the US in 1997. TSMC's scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC. The foundry leader has an illustrious base of customers, including Apple, AMD, and Nvidia, that look to apply its cutting-edge process technologies to their semiconductor designs. TSMC employs more than 83,000 people.
88GF Score
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